Hedge fund winners fare really well

Is there any doubt now that working at a hedge fund or private equity firm is a better deal than working at an investment bank? We noted recently that some traders at banks did very well but ended up with smaller bonuses--victims of bad times at their bank. Hedge funds folks who do well do not have that problem. According to Trader Monthly's latest ranking, John Paulson made $3 billion in 2007. You can bet his employees fared well, also. All in all, it was a feast of a year for those that bet correctly. However, famine is never far over the horizon. - Jim